Annual Reports to the Governor and Legislature
Annual Report of the Department of Financial Services to the Governor and Legislature
Department of Financial Services Annual Report - 2011 (PDF)
Department of Financial Services Wild Card Report - 2011 (PDF)
Fraud Reports
As required by Section 409(b) of the Financial Services Law on the activities of the Financial Frauds and Consumer Protection Division (FFCPD), a division of the DFS created to more thoroughly uncover, investigate and eliminate the myriad financial frauds that may be perpetrated in New York state by consolidating the responsibilities of the insurance frauds bureau and the criminal investigations bureau that were previously administered by the former Departments of Insurance and Banking.
2012 Annual Financial Fraud and Consumer Protection Division Report (PDF)
2011 Annual Financial Fraud and Consumer Protection Division Report (PDF)
As required by Section 409 (c) of the Financial Services Law summarizing the Department’s activities to investigate and combat health insurance fraud, including no-fault fraud, which totaled 85 percent of health insurance fraud reports and more than half of reports of fraud of all types.
2012 Annual Report on Health Insurance Fraud (PDF)
2011 Annual Report on Health Insurance Fraud (PDF)
Holocaust Claims Processing Office Reports
Section 37-a of the Banking Law requires the Superintendent of Financial Services report annually to the Governor and Legislature on the condition and activities of the Holocaust Claims Processing Office (HCPO). The report includes information on the operations and accomplishments of the HCPO as well as a schedule of expenses related to the recovery of properties belonging to Holocaust victim survivors.
HCPO Annual Report 2012 (PDF)
Insurance Agent Licensing Demographics
Pursuant to Insurance Law § 214, the Superintendent of Financial Services collects certain information from those persons taking insurance agent licensing examinations. This information includes full name, address, gender, age, education level, race or ethnicity, and native language. The applicant is not required to disclose his or her gender, native language, highest level of education achieved and race or ethnicity. The Department uses the information to produce a study including, at a minimum, the total number of examinees, the passing rate of all examinees, and the mean scores on the examinations and examines the correlation between these items and the applicants native language, level of education, gender, race and ethnicity.
Long-Term Care Health Insurance Report
The Superintendent of Financial Services is required to make a biennial report on the implementation of Chapter 245 of the Laws of 1986 to the Governor and the Legislature regarding long term care insurance, including a description of the plans authorized to issue long term care insurance, factors contributing to or impeding the development of the enrollment in such plans, the adequacy of consumer information in relation to insurance coverage for long term care services, and such recommendations as the Superintendent may deem appropriate.
